Mangudya calls for new, contextual ESG approach

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Governor of the Reserve Bank of Zimbabwe, John Mangudya, speaks during his presentation of the monetary policy in Harare, on October 1, 2018. (Photo by Jekesai NJIKIZANA / AFP)

MUTAPA Investment Fund chief executive John Mangudya has called for a nuanced approach to environmental, social, and governance (ESG) principles in Zimbabwe, particularly within the coal-dominated energy sector.

ESG aspects are emerging as core values of companies, major financial institutions and shareholders around the world.

The ESG pillars are used by companies developing and framing business strategies and reporting on performance beyond financial measures to promote responsible and ethical practices.

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